To create a new Account, go to the Admin Area of your account and navigate to the Financial > Chart of Accounts page.

Once the page loads click on the ‘Add Account’ button.

Enter a name for your Account and you can also enable transactions added to it in the future to be tax deductible by default. You can also specify Sub Accounts connected to the account, and they can have their own tax settings, or take their settings from the Account.

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